Inflation is bad, but my financial goals will hopefully be achieved this year....I may have moved my schedule up a few months initially and grabbed 17% more gains. 😎
That's part of my gold stash. But I haven't bought any in about 4 years and have no plans to buy more other than jewelry for the wife.
I highly recommend sticking with stocks for the long term and to keep up with inflation. Gold and silver is ok at keeping up with inflation but I only recommend keeping tiny portion of your net worth in precious metals. PM are more insurance, not investment. Invest in quality stocks for the long term. That's how you create and maintain long term wealth and soundly beat inflation.
Who needs skill to pick stocks when you can just buy a low cost, highly diversified index fund or two that covers the markets you want to invest in? Sure, your gains won't be as great as if you picked the single winner stock, but your losses won't be as bad as picking all losers either, and in the long run, you'll make a good return as the market tends to rise as a whole.Stock requires a lot of skill and time (to research market etc) though. I have a bit of stocks for fun but I don't trust myself to actually rely on that long term. I do have one stock doing decently well right now though. I actually sometimes contemplate of cashing out while I'm ahead. There's a monthly fee for the account so that's a cost I need to account for too. Overall my long term goal is to try to reduce all my monthly costs in first place, which is why I am aiming to eventually live off grid. More land, for less ongoing cost.
Who needs skill to pick stocks when you can just buy a low cost, highly diversified index fund or two that covers the markets you want to invest in? Sure, your gains won't be as great as if you picked the single winner stock, but your losses won't be as bad as picking all losers either, and in the long run, you'll make a good return as the market tends to rise as a whole.
Index funds shouldn't be a large mystery and is one of the highly recommended ways to invest money so that you don't have to go through the rigamarole of research to identify good and bad stock picks. It's just a large grouping of stocks that are put together to mirror some common index, like the S&P500, or some broad representation of the overall stock market, or international companies, etc. Doesn't need to be actively managed either.Yeah true could look at other instruments too such as index funds, not familiar with those in particular. I guess it's similar to GICs where it's a bunch of stucks rolled together and managed for you?
Index funds shouldn't be a large mystery and is one of the highly recommended ways to invest money so that you don't have to go through the rigamarole of research to identify good and bad stock picks. It's just a large grouping of stocks that are put together to mirror some common index, like the S&P500, or some broad representation of the overall stock market, or international companies, etc. Doesn't need to be actively managed either.
That's not necessarily inflation - that's just dealer price gouging because of short supply of vehicles. I've been looking for a new car myself and just ignore dealers that try to pull that excess over MSRP nonsense. They are already making a good amount selling at the sticker price.Wife and I need new cars...
"Hey maybe I'll get a nice family midsize SUV - you know like Honda."
$45-50K OUT THE DOOR WTF for a Honda.
What i listed is mere official MSRP.That's not necessarily inflation - that's just dealer price gouging because of short supply of vehicles. I've been looking for a new car myself and just ignore dealers that try to pull that excess over MSRP nonsense. They are already making a good amount selling at the sticker price.
Well then, I'd also say that SUVs are already kind of a rip off. Maybe a tiny bit more space than various sedans, generally worse fuel economy, a higher rollover risk thanks to their higher center of gravity, and extra profit for automakers.What i listed is mere official MSRP.
Well then, I'd also say that SUVs are already kind of a rip off. Maybe a tiny bit more space than various sedans, generally worse fuel economy, a higher rollover risk thanks to their higher center of gravity, and extra profit for automakers.
Well then, I'd also say that SUVs are already kind of a rip off. Maybe a tiny bit more space than various sedans, generally worse fuel economy, a higher rollover risk thanks to their higher center of gravity, and extra profit for automakers.
I posted in the garage thread today. My wife's Odyssey with 54k miles started having issues with a cylinder. I joked at work that she'll want a new car now. A few people told me I should trade it in and get something new. I don't plan on having a car payment for quite a few years if I can help it.
If I were in the market, I would definitely be brand shopping to find the best bang for your buck.
You should join the anti-SUV brigade..
Yeah, 2 years ago when a lot of things were locked down and demand plummeted.Wife came home yesterday showing me she filled up the gas tank for $82. Could've sworn it wasn't too long ago the fill up was around $40ish. If only my paycheck increase the same.
Yeah, 2 years ago when a lot of things were locked down and demand plummeted.